Mortgage lenders cutting Standard Variable Rates
I though I’d post a few of the interest rate cuts by various lenders in one go rather than every time a rate cut is announced.
The Co-Operative bank has cut it’s Standard Variable Rate by 0.25 per cent to 6.99 per cent passing the full benefit on to it’s mortgage customers. This change will be effective from Monday 14th April 2008 fo rnew customers and from 1st May 2008 for existing customers.
Natwest mortgage rates will be cut by 0.25 per cent from 7.44 per cent to 7.19 per cent. This rate change is effective from 21st April 2008 for new customers and from 1st May 2008 for existing customers.
RBS cut it’s Standard Variable Mortgage Rate by 0.25 per cent from 7.44 per cent to 7.19 per cent. This change is effective from 21st April 2008 for new customers and from 1st May 2008 for existing customers.
I think that’s it for now but I’ll post back if I spot any more rate cuts…Don’t forget if you’re due to remortgage now or in the next few months get comparing mortgages to find yourself the best deal. HSBC are offering their Rate Matcher Mortgage - if you’re fixed rate is about to come to an end you can switch to HSBC and they will match your existing fixed rate for a further 2 years. There are terms and conditions which apply, like maximum loan of £250,000 and there is a fee payable, which is determined on the amount you borrow and the loan to value. Also you must have a 20 per cent deposit, so maximum loan to value on this product is 80 per cent. For more details see the post; http://www.thefinancialblog.co.uk/hsbc-offer-new-rate-matcher-mortgage/
Otherwise try a few comparison web sites like Moneysupermarket.com Moneyexpert.com Uswitch.com Moneyextra.com and Fool.co.uk to see what the best rates are for your circumstances.